Shiba Inu’s burn rate fell 72.04% in the last 24 hours, while only about $4 worth of SHIB is left in circulation. Shibburn data showed 936,689 SHIB burned during that period. The weekly burn figure also weakened. Shibburn reported a 79.32% drop over seven days, with 15.06 million SHIB burned across the week.
The latest decline came as the broader market kept searching for a new trigger. At the same time, traders watched fresh U.S. inflation data and other macro signals.
Santiment said trading volume across crypto’s largest non-stablecoin assets has fallen near multi-quarter lows. The firm said the market now looks like it is waiting for its next catalyst. Its tweet said volume levels across major assets had sunk to levels last seen since mid-2024. It also said excitement and conviction have faded across the market.
That weak participation has left many traders on the sidelines. Macro uncertainty and recent liquidations have also kept buying and selling pressure limited.
Santiment said low activity does not always point to a deeper drop. In past cycles, stronger recoveries have often followed periods of low interest, low volume, and weak participation.
Shiba Inu traded in the rare $0.000004 range after falling to $0.0000043 on June 6. The token later rose 1.87% in 24 hours to $0.000004725 as crypto markets recovered slightly after CPI data. Even so, the token had already touched never-before-seen lows of $0.000004 in June. Selling pressure across the market helped push SHIB into that range.
The token now faces a deeper confidence problem. Bitcoin, Ethereum, and XRP have also fallen in 2026, but SHIB no longer inspires the same investor conviction. The article source said the old meme coin story has weakened. It also said brief rallies now meet disbelief, and traders expect sharp pullbacks even after small gains.
Read More: SHIB Exchange Outflows Surge as Whale Withdraws 400 Billion Tokens
Shiba Inu was described as trading at an “unbelievable low” of $0.000004700. Many investors once expected the token to keep rising as meme coins gained popularity.
Today, the focus no longer rests on token burns alone. Instead, SHIB now depends on confidence returning to the market and traders deciding to step back in.
Shiba Inu’s burn rate has fallen sharply, while SHIB trades near a rare low and market volume remains weak. The token now relies less on burns and more on renewed trader confidence. Until sentiment improves, SHIB may keep moving within a fragile range.